Date: 2013-07-31

Xinlong Bearing Build Large Bearing Forging Lines

So far, Changshan Xinlong Bearing Co.,Ltd has completed 30 percent of their technological reform to build a forging line with annual capacity about 12 million sets middle and large sized bearings.

The construction of new office and multiuse buildings which cost the company over RMB2 million has been finished. It is said that the company have invested more than RMB6 million in construction projects and buying equipments in the first quarter.

Early this year, Xinlong Bearing decided to pay more attention to the production of middle and large sized bearing forging parts which is highly demanded but less supplied in China. They planed to invest RMB20.05 million to build such a production line. This project are expected to be finished within this year.

This prospective forging parts line will bring Xinlong Bearing additional sales over RMB47 million, increase their tax payment to RMB3.9 million.

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H3338 bearing	190
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